General Frequently Asked Questions

Only companies registered
in EU can currently borrow through CrowdingLab. When selecting the projects, we assess the creditworthiness
of their owners and companies, and the project’s business plan; we also try to
ensure that the LTV (Loan-to-Value) indicator does not exceed 75 percent. We
will have to approve your project before you are allowed to post your loan
application on CrowdingLab platform.

Real estate projects in EU
which are approved by our team can access funding through Crowdinglab. However,
there is no limitation on the type of projects that can be submitted for
approval. As long as the project has a property element to it and the property
is capable of being used as security for the debt, please feel free to submit
it for approval.

To apply for a loan, you
need to register as a borrower, open an account with Paysera, fill in the loan
application and provide us with documentation required in the application form.
Do not hesitate to contact us once you have a question or concerns on info@crowdinglab.com.

We will contact potential
borrowers soon after an enquiry or application has been made. We
will go through loan application, ask additional documentation or questions
where necessary. It will take approximately 2-3 days to evaluate the
application and write the loan application, assuming all paperwork is in place.
After the final examination is made the loan will be opened for investing on
the platform. The
syndication process can take up to 2 weeks. How fast the project is funded
depends mostly on the attractiveness of the project.

The borrower signs up on
CrowdingLab.com, opens Paysera account and fills in the loan request.
CrowdingLab will assess the borrower’s credit worthiness, business plan and the
appraisal report of the collateral, to ensure the borrower is able to make the
loan repayments and to avoid the situation, where investors' capital is at
risk. After approval of the loan request the loan will be opened on the
Crowdinglab platform, where investors can assess the risk and invest into the
loan. When the loan is funded, the
pledge will be created and the loan will be paid out to the borrower.

CrowdingLab is charging 3-4%
of total loan amount in case of successful funding process and 0-2% annual
administration fee. In case of a delay in the loan repayment, several fees need
to be paid by borrower.

You are asked to specify the
target funding amount and your desired pricing when you apply for funding on
the Crowdinglab platform. Once we have approved your project and performed all
other checks, we will discuss and agree an appropriate interest rate level with
you before you can publish your loan request. All loans are with a fixed
interest rate.

The target funding amount can
be from €20,000 to €1 million. Loans are amortizing with a tenor of 3 to 24
months.

Borrowers are able to
repay the loan earlier. We do not charge any fees for paying loans back
earlier. In case of repayment of a loan, the remaining balance of the
administration fee must be fully paid simultaneously with the repayment of the
loan.

Yes, borrowers are able to
extend the loan period. Before the loan is extended, CrowdingLab will ask the
reasons behind the decision. If the reasons are acceptable, the borrower is
required to pay 1000€ to update the contract.